Market Snapshot - August 11th 2018
Top 10 Cryptos
At the moment of writing, top 10 assets were sharply down, with all of them in red.
Bitcoin is barely holding up above $6,000 while some other assets are posting double digit losses.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.95 on Coinmarketcap, sharply down from yesterday in fiat and significantly down in BTC
On the 1 hour chart, STEEM had a sharp dive, trading below 16k satoshis now
The 1 day chart is retesting 15k satoshis resistance, after a few days of mostly flat trading
SBD was trading, at the moment of writing, at $1.03, almost identical with yesterday, in fiat and in BTC.
The 1 hour chart shows SBD appreciating slightly in Bitcoin, keeping its peg
The 1 day chart is starting to look relatively bullish
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.042 STEEM for 1 SBD, up from yesterday, and above parity.
Overall opinion: Another bloodbath in the crypto markets. STEEM is below $1 for the first time in a long time.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Tremendous pressure for lower prices ahead. Personally I do not think this is because people are selling as much as what people believe the actual prices of the cryptos are worth. We are trying to find where those prices are and it seems likely lower ahead. Thanks.
Touching the lows again after a new RED day.
Finally, after several days downtrending, Bitcoin has reached previous lows on the $6000 level as seen in the daily chart. Price may be ready to go up again if bulls take control but if bears keep pushing we may see ATL in the following days as selling panic may appear. Stochastic shows clear oversold signs but
EOS is back inside the downtrend channel. Last days have experienced a considerable volume increase. Price is in the $5 level approaching the year low of $4. Stochastic showing clear oversold. The market may be expecting good news to reverse the trend.
STEEM has finally reached year lows after falling below $1. We are now at the values we had last December. Volume remains very low at the daily chart and although stochastic shows oversold signs, there are no clear expectations of a trend reversal yet.
Now is the best time to buy
Stellar will catch EOS soon. Moving closer even in a down market
Seriously,🤔😣😑😐😕. A blood bath? I already know that since sbd is no more laying out its going to skyrocket the price. I was right after all. We were right after all🤓
Steem is under a dollar great time to convert sbd into steem
Not the happiest market snapshot for Stems we’ve seen, but hopefully Steem comes back bigger and stronger :).
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Blood bath in crypto markey. I think it is a good time to sell SBD for steem
SBD is lookin good!
These are times major steemians need to relax and not panic......